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Poland Must Control Budget Gap 0r Face Market Challenge: Moody’s

Unless Poland brings its budget deficit under control the “benign attitude” investors are taking toward the country “can be challenged,” Anthony Thomas, a London-based senior analyst for Moody’s, said today in Warsaw.

Thomas said a “relatively large” budget deficit of about 7 percent of gross domestic product is “manageable” for Poland, so long as the government takes steps to narrow the fiscal gap after general elections next year. “What is key is what is going to happen in 2012,” Thomas told participants at a credit conference in Warsaw.

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